Bank Overdraft Fees: America's Banks Made Billions of Dollars Last Year

Updated September 3, 2017 5:49 PM

How much of your money did you loose last year due to overdraft fees from your bank? Did you know? America's three biggest banks made more than $6 billion last year from ATM fees and overdraft fees alone.

If your bank account is in one of these banks - JPMorgan Chase, Bank of America and Wells Fargo - chances are you contributed a great deal to their humongous overdraft profit.

I certainly did! I contributed about 60 bucks last week alone in overdraft fees... LOL...

I was once told, the Haitian community in Miami looses millions of dollars in overdraft fees every year.

You do know what happens when you a payment goes through and there's not enough money in the bank to cover for it, don't you? No surprise here, you are not the only one that happens to. It's big business my friend.